Thunderbird Entertainment

Blue Ant will acquire all outstanding shares of Thunderbird Entertainment in an $89 million transaction. Thunderbird shareholders can elect to receive 0.2165 subordinate voting shares of Blue Ant per share, $1.77 in cash per share, or a combination; the cash portion is capped at $40 million and the offer represents a 28% premium to the 45-day average share price. Blue Ant expects $7 million of cost synergies in the first year, a strengthening of its studio business in unscripted, animation and children’s and youth content, and plans to close in the first quarter of 2026 subject to approvals. After closing, Blue Ant shareholders would hold about 79% and Thunderbird shareholders about 21% of the combined company; Jennifer Twiner McCarron will move to Blue Ant to lead the children’s, youth and animation business. » More on de.investing.com

Thunderbird Entertainment reported Q4 EPS of $0.05 and revenue of $47.37 million, missing analyst expectations. The stock fell 2.68% in after-hours trading. For the full year, revenue rose 12% to $185.7 million and net income increased to $6.3 million, but the company is not providing guidance due to uncertainties around project timelines. Thunderbird continues to emphasize cost management, expanding its IP and pursuing global expansion opportunities as strategic priorities. » More on de.investing.com

Thunderbird Entertainment reported revenue of $185.7m for fiscal 2025 (+12.3%) and net income of $6.3m (+165.8%). EBITDA rose to $17.2m and adjusted EBITDA to $18.3m; the company is debt-free and held $28m in cash as of June 30, 2025. Thunderbird relies on owned IP in Kids & Family, Unscripted and Scripted, as well as on distribution and consumer products to generate recurring revenue, and expects further growth from market and regulatory tailwinds in Canada. » More on de.investing.com